What’s going on with gold, the dollar and interest rates – especially gold? All of the variables that fundamentally support much higher gold prices are lined up perfectly. Why isn’t gold moving higher? The popular narrative in the mainstream financial media would leave one to believe that the dollar is soaring. Eric and Dave put a big dent in that notion. Additionally, in a long-term historical context, the recent rise in interest rates is tiny, yet marginally higher interest are already wreaking havoc on the economy (retail, auto and home sales). What’s going to happen to the economy when the 10-yr Treasury hits 4%, which is still well below its long-run historical norm? (click on image to enlarge)
Eric Dubin and Dave Kranzler dig into these topics in the next episode of WTF Just Happened (WTF Just Happened is a produced in association with Wall St. For Main Street – Eric Dubin may be reached at Facebook.com/EricDubin):
Visit these links to learn more about the Investment Research Dynamic’s Mining Stock Journal and Short Seller’s Journal. I recommended Almadex Minerals at 28 cents in April 2016 – it closed Friday at $1.13. I recommended shorting Hovnanian at $2.88 in January – it closed at $1.89 on Friday and has been as low as $1.70.